May 15, 2015
The world is changing faster than ever, increasing the difficulty in foreseeing and planning for the future. What changes can we expect? Equally critical: How can we imagine unforeseen changes that could affect business owners and family enterprises?
“Being aware of what the future might bring may not be easy, but it’s something that must be done to help us better manage the risks associated with changes that are occurring around us,” says Michael Cole, President of Ascent Private Capital Management of U.S. Bank.
Cole lays out thought-provoking ideas of today’s futurists, divided into six major trends. For starters, a projected global population of 9 billion by 2050 means changes in numbers, values and perspectives are on the horizon.
1. Shifting Demographics
“The growth will increase pressure on natural, fiscal and social resources,” Cole says. “In addition, by 2025 there will be a major shift of wealth and influence from the current generation to the millennials, who have a different take on many social, economic and environmental issues.”